FIRST AIRED: July 24, 2018

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program
0:00
0:00
More Info

COMING UP:Share Opener Variant 3

×

Transcript

00:00:00
>> Papa John's stock in free fall Monday. Shares of the massive pizza chain fell 8% after the company said it would implement a so called poison pill stock dilusion, a move to prevent John Schnieder from gaining more control of the company. Schnieder resigned as chairman earlier this month over his use of racial slur in an internal conference call and later called the move a mistake.
00:00:21
This is the latest scandal for Schnieder. He resigned as chief executive in December 2017 after criticizing national anthem protests in the NFL. The league then dropped Papa John's as a sponsor in February. One highly rated Wall Street analysts cut his rating on the stock to sell, saying that Papa John's was in a precarious position, as consumers no longer view the company as quote, a trusted brand.